Sunoco 2014 Annual Report Download - page 125

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123
GRANTS OF PLAN-BASED AWARDS
The following table sets forth the grants of plan-based awards to NEOs in 2014:
Name Grant Date (1)
All Other Unit Awards:
Number of Units (2) (3)
(#)
Grant Date Fair Value
of Unit Awards
($)
M. J. Hennigan 12/5/2014 74,043 3,561,468
President and Chief Executive Officer 1/29/2014 10,000 379,650
M. Salinas, Jr. 12/5/2014 9,502 457,046
Chief Financial Officer — —
K. Shea-Ballay 12/5/2014 10,284 494,660
Senior Vice President, General Counsel & Secretary — —
K. Lauterbach 12/5/2014 10,078 484,752
Senior Vice President, Lease Acquisitions — —
D. Chalson 12/5/2014 9,770 469,937
Senior Vice President, Operations — —
NOTES TO TABLE:
(1) The restricted unit awards vest as follows:
• 60 percent in December 2016 and the remaining 40 percent in December 2018 for Mr. Hennigan's award granted in January
2014; and
• 60 percent in December 2017 and the remaining 40 percent in December 2019 for awards granted in December 2014.
(2) Reflects the grant date fair value of restricted unit awards granted under the LTIP during fiscal 2014, computed in accordance with
FASB ASC Topic 718. See Note 14 to our consolidated financial statements for fiscal 2014 for additional detail regarding
assumptions underlying the value of these equity awards.
(3) Prior to the Merger, the Compensation Committee granted equity awards in January of the following year for performance during
the previous year. Under the ETP compensation methodology, equity awards are granted in December of the performance year.
Upon transitioning to ETP's compensation methodology, the equity awards for performance during 2013 were granted in December
2013 rather than January 2014 (which would have been the case under our pre-Merger compensation methodology); provided that,
in January 2014, the Compensation Committee approved one additional grant of restricted units to Mr. Hennigan for his
performance during 2013.
Narrative Disclosure to Summary Compensation Table and Grants of the Plan-Based Awards Table
A description of material factors necessary to understand the information disclosed in the tables above can be found in the
CD&A that precedes these tables.